Posted 05 December 2012 - 07:16 PM
We are considering selling our investment property, and as a first timer I am a bit green.
I will talk to my accountant naturally, but wanted some quick answers first.
Basically I want to know all of the expenses we will be up for as a result of selling, eg.
Agents fees (been quoted 2.2% inc GST, does that sound reasonable?)
Advertising (been quoted $330 for package that is supposedly worth $1600)
Captial Gains Tax
Do you have to pay for conveyancing like when you purchase a property? (assume not, just checking)
Will there be bank fees for paying out the mortgage on the property?
Will there be other tax implications (eg. my income tax for next year?)
Finally, thecurrent tenant has made us an offer (bit low, but not far off the market), so should we even be considering selling privately? Arggh the decisions!
Thanks in advance